Automotive E-tailing Market Overview
E-tailing in the automotive industry is increasing rapidly as it solves the problems of automotive parts suppliers, manufacturers, and retailers such as complex order processing, errors on conditions, payment and shipping, etc. Other drivers include growing internet penetration, increase in consumer base of vehicles, increased preference of consumers for e-commerce platforms, and increasing investment of companies on e-commerce platforms. Despite the growing popularity of automotive e-tailing, the majority of consumers prefer brick and mortar stores over online platforms which are restricting the growth of the market. Other factors which might hinder the market growth include online payment frauds, delay in product possession and slow adoption of e-commerce for automotive parts due to inhibitions regarding product quality.
Market Research Future (MRFR) predicts the Automotive E-tailing Market Size to reach USD 55.22 Billion by the end of 2022, growing at a CAGR of 12%.
The global Automotive E-tailing Market Size has been segmented based on vendor type, component, and vehicles. By vendor type, the market has been segmented into OEM Vendor and Third Party Vendor. By component, the market has been segmented Electrical & Electronics, Chassis, and Powertrain. By vehicles, the market has been segmented into commercial cars and non-commercial vehicles.
The key players operating in the market include Advance Auto Parts, Inc. (U.S), eBay Inc. (U.S), Genuine Parts Company (U.S), O'Reilly Auto Parts (U.S), JEGS High Performance (U.S), Delticom AG (Germany), Rock Auto LLC. (U.S), CARiD.com (U.S), AutoZone, Inc. (U.S), K&N Engineering, Inc. (U.S) and others.
The key markets of the global Automotive E-tailing Market Size are North America, South America, Europe, Asia-Pacific and the Middle East & Africa. The Asia-Pacific market accounts for the largest share of the market owing to rising internet penetration and proliferation of smartphones in the region. China and India re the key contributors in the region due to high vehicle population. North America market is also consolidated due to a high inclination towards e-tailing in the region.
Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/automotive-e-tailing-market-1915
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.